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If you are interested in hiring a remote team in Paraguay, or even just individual remote employees in Paraguay, then you have come to the right place!
Rivermate is an Employer of Record (EOR) that offers Paraguay payroll solutions. As a Paraguay payroll provider, we will cover everything from salary, benefits, employer-to-employee contributions, and especially payroll compliance in Paraguay. We are confident Rivermate’s payroll solutions Paraguay will help you grow as a business—because now, you won’t have to worry about your payroll solutions Paraguay. We take care of everything payroll!
With Rivermate, you can run Paraguay payroll services in just one click—regardless of currency, benefits, insurance, and your local labor laws. Everything is automated. Our priority is for you to focus on your company’s strategy and growth.
Our Rivermate Global Payroll services are made especially for startups and scaleups. We know that startups try to be extra prudent when it comes to choosing a payroll provider, so it is our mission at Rivermate to be your most reliable and cheapest payroll provider option. So if you’re looking for global payroll providers for small businesses, look no further and book a call with us now!
Once you've determined the best Paraguay payroll option for your company, you'll need to collect some information from employees in order to add them to your payroll. Begin by acquiring their personal identification number, tax deduction card, and emergency contact information. When an employee begins working and provides you with their tax deduction card, they become a part of the social security system and are eligible for benefits.
The taxation laws of Paraguay set almost all employee contributions at 10%, including corporate, income, and sales taxes. Individuals in the lowest tax bracket must pay 8% in income taxes. The only exception is that employers contribute 16.5% and employees contribute 9% to social security. Employers are responsible for deducting taxes directly from employees' paychecks under the Pay As You Earn (PAYE) system.
Companies that wish to expand their operations globally have four different payroll options in Paraguay. These payroll options are:
1. Internal Payroll. This payroll option is applicable for already established companies in Paraguay. It includes devoting an entire Human Resources staff to running the company's payroll procedures.
2. Remote Payroll. Smaller firms may lack the capacity to handle their own payroll, but they may add their workers to the parent company's payroll. This action, on the other hand, requires considerable thinking. You must guarantee that you follow the rules and laws of each nation.
Working with a local outsourcing firm is one method to retain money in the local economy, but you'll still need to study all of the local rules and regulations, since you'll be held responsible.
3. Paraguay payroll outsourcing: Outsourcing your payroll to an Employer of Record in Paraguay, such as Rivermate, is another alternative for Andorra payroll outsourcing. We can manage all aspects of your payroll, including compliance. Send us a note and we'll get back to you as soon as possible!
It is the obligation of the employer to ensure that all payroll-related transactions are properly documented and recorded. All salaries and compensation payments must adhere to the local minimum wage as well as other applicable laws and regulations.
Rivermate's payroll services in Paraguay can assist you in staying in compliance with the country's ever-changing payroll rules. We provide an all-inclusive solution that covers everything from compliance and reporting to salary payments.)
Companies that have a business presence in Paraguay have different ways of managing payroll. However, most of the options you have for running payroll in Paraguay are either expensive or require establishing a subsidiary in Paraguay. The cheapest, most efficient, and most reliable payroll processing system in Paraguay is by outsourcing payroll to Employers of Record (EOR) in Paraguay. Rivermate is one of those Employers of Record.
At Rivermate, we offer you the most efficient, most compliant, and cheapest HR and Payroll Management services in Paraguay. We do this by taking care of your payroll-related needs, such as keeping track of your employees’ financial records, including incentives, gross and net salary, and payslips, all the while staying compliant with the labor laws in Paraguay. Because we do your online payroll management for you, you can have absolute focus on your business’ strategy and growth.
Rivermate is all about growth through collaboration and we achieve this by offering the most reliable yet cheapest services for managing payroll for small businesses in Paraguay.
In Paraguay, an employee must get written notice of termination. For example, an employee who has worked for the company for more than ten years cannot be terminated for unjust reasons; they must be terminated for a legitimate reason.
Paraguay’s compensation laws include a minimum wage of 1,824,055 Paraguayan Guarani per month. However, domestic workers have a special minimum wage of 40 percent of the regular minimum wage and should get deductions for housing and food.
The standard workweek is 48 hours and the daytime work period is 8 hours. Night work, defined as work performed between the hours of 8 p.m. and 6 a.m., cannot exceed 42 hours per week or seven hours per day. Working a combination of day and night shifts is limited to 45 hours per week. For nighttime work, employees are entitled to a 30% premium over the standard rate.
Although the Ministry of Public Health and Social Welfare network provides basic health care, workers may choose to purchase private insurance.
Mandatory benefits postulated by law include a probationary period, pay on annual leaves, public holidays, sick leaves, maternity leave, paternity leave, and overtime pay. Statutory benefits also include social security benefits
